Property insurance, by definition, is a guarantee of compensation for a specific loss or damage to physical property or equipment. Within that broad and simplified explanation there is room for multiple interpretations—and more than enough …
Tag: Home insurance
Gone are the days when a treadmill and a set of dumbbells in a fluorescent-lit basement room passed for athletic amenities in condo buildings and HOAs. Today, the size and scope of sporty offerings—be it basketball courts, pools or saunas—…
In cities like Miami and Palm Beach, where even the most profligate among us may shed a tear or two at hotel room prices, the homesharing trend has grown by leaps and bounds. With more condo and HOA residents than ever renting out their un…
From equipment failure and personal injuries to tornadoes and tropical storms, disasters happen, and any condominium association worth its salt knows that it needs to be prepared for a rainy day. Actually, even the most disreputable associ…
Q Our association recently hired a new management company. An announcement was sent to the homeowners announcing the change. A new board initiated this action with no input from the homeowners and no discussion. I have specifically reques…
Q I live in a development that was built in 1983. The developers turned the property over in 1989 to become a homeowners association (HOA). Since then, the association has maintained the building exterior and fences. When the real estate …
When you’re up to your earlobes in alligators, it’s hard to recall that your initial objective was to drain the swamp. —Old Florida Proverb A long-standing annual rite in the Florida Legislature is passage of an omnibus shared-owners…
In South Africa, it’s called a “sectional title.” In Quebec, it’s a copropriété divise or “divided co-property.” In Italy, they call it “condominio,” derived from Latin. Regardless of location, a condominium—commonly referred to as “condo”…
Many people believe in the ethos of 'reduce, reuse, and recycle'—they buy vintage clothing, pre-owned cars, or refurbished electronic equipment. But most of us also like brand new things, including homes. And with markets across the countr…
When is a flood not a flood? That’s a serious question for southeast Florida’s residential communities. Even if they have flood insurance, damage caused by heavy rains and backed-up sewers may not meet the National Flood Insurance Program …